Common Tax Considerations
As your business grows, tax obligations tend to increase. This often includes higher GST bills, PAYG instalments through BAS, employee withholding, and superannuation.
A simple way to stay on top of this is by separating bank accounts into tax buckets for GST, tax instalments, and super.
Regularly reviewing reports in Xero and checking in with your accountant helps ensure nothing is missed and cash flow stays under control.
